DOGE/USDT – 30M – BUYThe currency pair Dogecoin/Tether (DOGE/USDT) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 0.09541 is expected.
Caution: A possible counter-trend in the direction of support at 0.0931 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Hammer’ chart pattern is detected. The chart forms ‘Hammer’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.10185 |
| 2nd High | 0.09609 |
| Next High | 0.09541 |
| Current Price | 0.093710000 |
| Next Low | 0.0931 |
| 2nd Low | 0.09177 |
| 3rd Low | 0.0912 |
0.09541 – 0.09396 – 0.09609 – 0.0931 – 0.09177 – 0.0932 —
0.094330000 – 0.093740000 —
49.083272492201 – 44.404147059485 —
– —
0.09541 – 1773982800
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Hammer – – –